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Personal Loan Interest Rates

Personal loan interest rates in India depend on various criteria, among which major is the income level.


To help its customers get the best interest rates on personal loans, OneClickFinance has consolidated all the information regarding latest rate of interests at one place. To get updated rate of interest on personal loan, keep visiting this section.



Bank CAT A Pre lac EMI (For 4 y₹ ) CAT B Pre lac EMI (For 4 y₹ ) Others Pre lac EMI (For 4 y₹ ) Pre Payment Charges Processing Fees
icici logoICICI BANK 10.5% - 15%
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
12.5% - 15.75%
(For Special Companies)
11.29% - 11.7%
(BT rates for listed company)
15.5%
(Salary Above 75,000)
16%
(Salary 50,000 -75,000)
16.5%
(Salary 35,000 -50,000)
17%
(Salary 20,000 -35,000)
 Rs.2560 - Rs.2783
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
Rs.2658 - Rs.2821
(For Special Companies)
Rs.2599 - Rs.2619
(BT rates for listed company)
Rs.2808
(Salary Above 75,000)
Rs.2834
(Salary 50,000 -75,000)
Rs.2860
(Salary 35,000 -50,000)
Rs.2886
(Salary 20,000 -35,000)
 11% - 14.99%
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
11.29% - 11.7%
(BT rates for listed company)
16%
(Salary Above 75,000)
16.5%
(Salary 50,000 -75,000)
17%
(Salary 35,000 -50,000)
17.5%
(Salary 20,000 -35,000)
 Rs.2585 - Rs.2783
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
Rs.2599 - Rs.2619
(BT rates for listed company)
Rs.2834
(Salary Above 75,000)
Rs.2860
(Salary 50,000 -75,000)
Rs.2886
(Salary 35,000 -50,000)
Rs.2911
(Salary 20,000 -35,000)
 11% - 14.99%
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
11.29% - 11.7%
(BT rates for listed company)
16%
(Salary Above 75,000)
16.5%
(Salary 50,000 -75,000)
17%
(Salary 35,000 - 50,000)
17.5%
(Salary 20,000 -35,000)
 Rs.2585
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
Rs.2599
(BT rates for listed company)
Rs.2834
(Salary Above 75,000)
Rs.2860
(Salary 50,000 -75,000)
Rs.2886
(Salary 35,000 - 50,000)
Rs.2911
(Salary 20,000 -35,000)
 Rs.999 for Special offers otherwise 1% - 2.5% Rs.999 for Special offers otherwise 1% - 2.5%
logoHDFC Bank 10.5% - 15%
(For Special Companies)
15%
(For 75,000 & above salary)
15.5%
(For 35,000-75,000 salary)
17.45%
(For 20,000-35,000 salary)
11.29% - 12.5%
(Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
11.39% - 11.8%
(BT for Listed Companies)
 ₹ 2560 - ₹ 2783
(For Special Companies)
₹ 2783
(For 75,000 & above salary)
₹ 2808
(For 35,000-75,000 salary)
₹ 2909
(For 20,000-35,000 salary)
₹ 2599 - ₹ 2658
(Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
₹ 2604 - ₹ 2624
(BT for Listed Companies)
 10.99% - 15%
(For Special Companies)
15%
(For 75,000 & above salary)
15.5%
(For 35,000-75,000 salary)
17.45%
(For 20,000-35,000 salary)
11.29% - 12.5%
(Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
11.39% - 11.8%
(BT for Listed Companies)
 ₹ 2584 - ₹ 2783
(For Special Companies)
₹ 2783
(For 75,000 & above salary)
₹ 2808
(For 35,000-75,000 salary)
₹ 2909
(For 20,000-35,000 salary)
₹ 2599 - ₹ 2658
(Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
₹ 2604 - ₹ 2624
(BT for Listed Companies)
 10.75% - 17.5% ₹ 2572
 Upto 4.00% Upto ₹ 3999/- + GST
bajaj finserv logoBajaj Finserv 11.99% - 16%
 ₹ 2633 - ₹ 2834
 16% ₹ 2834 16.50% - 17% ₹ 2860 Upto 4% post 1st EMI clearance Upto 2%
tata capital logoTata Capital 11.99%
(Salary above 1lakh)
11.99% - 12.75%
(For 20,000-99,000 salary)
11.99% - 12.75%
(For Tata Group Companies)		 ₹ 2633
(Salary above 1lakh)
₹ 2633 - ₹ 2670
(For 20,000-99,000 salary) ₹ 2633 - ₹ 2670
(For Tata Group Companies)		 11.99%
(Salary above 1lakh)
15.50%
(For 30,000-60,000 salary) 17%
(For 20,000-30,000 salary) 11.99%
(For Tata Group Companies) 		₹ 2633
(Salary above 1lakh)
₹ 2808
(For 30,000-60,000 salary) ₹ 2886
(For 20,000-30,000 salary) ₹ 2633
(For Tata Group Companies) 		11.99%
(Salary above 1lakh)
15.50%
(For 30,000-60,000 salary) 17%
(For 20,000-30,000 salary) 11.99%
(For Tata Group Companies) 		₹ 2633
(Salary above 1lakh)
₹ 2808
(For 30,000-60,000 salary) ₹ 2886
(For 20,000-30,000 salary) ₹ 2633
(For Tata Group Companies) 		Nill Foreclosure after 12 EMI's & Partial Payment Options without any charges.
 ₹ 999
kotak logoKotak Bank 10.5%
(Salary > 50,000)
12.5%
(Salary <50000)
 ₹ 2560
(Salary > 50,000)
₹ 2658
(Salary <50000)
 12.99%
(Salary > 1,00,000)
13.75%
(Salary 50000 - 100000)
14.25%
(Salary < 50000)
 ₹ 2682
(Salary > 1,00,000)
₹ 2720
(Salary 50000 - 100000)
₹ 2745
(Salary < 50000)
 15.5%
(Salary: 100000 & Above)
16.25%
(Salary: 75000 - 100000)
16.75%
(Salary: 50000-75000)
16.99%
(Salary: Less than 50000)
 ₹ 2808
(Salary: 100000 & Above)
₹ 2847
(Salary: 75000 - 100000)
₹ 2873
(Salary: 50000-75000)
₹ 2885
(Salary: Less than 50000)
 Zero (if loan Amount is more than 10 lakhs) Else 5% 0.99% - 2.25%
sbi logoState Bank of India/SBI (SBI Saral) 11.95% - 16.55% ₹ 2631 - ₹ 2862 11.95% - 16.55% ₹ 2631 - ₹ 2862 11.95% - 16.55% ₹ 2631 N.A 1.01% of the loan amount
fullerton bank logoFullerton India 11.99% - 26% ₹ 2633 - ₹ 3372
 11.99% - 26% ₹ 2633
 Upto 7.00%, 0% after 3 years 2%
standard chartered logoStandard Chartered 11%
(Loan Amount 10 Lac & above)
11%
(Loan Amount 800,001 - 1,000,000)
11.25%
(Loan Amount - 500,001 - 800,000)
11.5%
(Loan Amount - 300,000 - 500,000)
11.99%
(Loan Amount Upto 3 Lac)
 ₹ 2585
(Loan Amount 10 Lac & above)
₹ 2585
(Loan Amount 800,001 - 1,000,000)
₹ 2597
(Loan Amount - 500,001 - 800,000)
₹ 2609
(Loan Amount - 300,000 - 500,000)
₹ 2633
(Loan Amount Upto 3 Lac)
 11%
(Loan Amount 10 Lac & above)
11%
(Loan Amount 800,001 - 1,000,000)
11.25%
(Loan Amount - 500,001 - 800,000)
11.5%
(Loan Amount - 300,000 - 500,000)
11.99%
(Loan Amount Upto 3 Lac)
 ₹ 2585
(Loan Amount 10 Lac & above)
₹ 2585
(Loan Amount 800,001 - 1,000,000)
₹ 2597
(Loan Amount - 500,001 - 800,000)
₹ 2609
(Loan Amount - 300,000 - 500,000)
₹ 2633
(Loan Amount Upto 3 Lac)
 11%
(Loan Amount 10 Lac & above)
11%
(Loan Amount - 800,001 - 1,000,000)
11.25%
(Loan Amount- 500,001 - 800,000)
11.5%
(Loan Amount - 300,000 - 500,000)
11.99%
(Loan Amount Upto 3 Lac)
 ₹ 2585
(Loan Amount 10 Lac & above)
₹ 2585
(Loan Amount - 800,001 - 1,000,000)
₹ 2597
(Loan Amount- 500,001 - 800,000)
₹ 2609
(Loan Amount - 300,000 - 500,000)
₹ 2633
(Loan Amount Upto 3 Lac)
 Up to 5.00% 1%
hdbfs logoHDBFS 17%
(For 35,000 - 75,000 salary)
18%
(Below 35,000 salary)
16%
(for 75,000 & above salary)
 ₹ 2886
(For 35,000 - 75,000 salary)
₹ 2937
(Below 35,000 salary)
₹ 2834
(for 75,000 & above salary)
 16%
(for 75,000 & above salary)
17%
(for 35,000 - 75,000 salary)
18%
(below 35,000 salary)
 ₹ 2834
(for 75,000 & above salary)
₹ 2886
(for 35,000 - 75,000 salary)
₹ 2937
(below 35,000 salary)
 17%
(for 75,000 & above salary)
18%
(for 35,000 - 75,000 salary)
21%
( below 35,000 salary)
 ₹ 2886
(for 75,000 & above salary)
₹ 2937
(for 35,000 - 75,000 salary)
₹ 3097
( below 35,000 salary)
 NIL for Select Corporates Employees (CAT A & B) 4% For Rest 1% - 2%
indsuind logoIndsulnd Bank 13.75% - 14.25%
(For 50,000- 1 Lac Salary)
14.5% - 15.25%
(Below 50,000 Salary)
12.99% - 13.5%
(For 1 Lac & above Salary
)
 ₹ 2720 - ₹ 2745
(For 50,000- 1 Lac Salary)
₹ 2758 - ₹ 2796
(Below 50,000 Salary)
₹ 2682 - ₹ 2708
(For 1 Lac & above Salary
)
 14% - 14.5%
(For 1 Lac & above Salary
)
15% - 15.5%
(For 50,000- 1 Lac Salary)
16% - 16.5%
(Below 50,000 Salary)
 ₹ 2733 - ₹ 2758
(For 1 Lac & above Salary
)
₹ 2783 - ₹ 2808
(For 50,000- 1 Lac Salary)
₹ 2834 - ₹ 2860
(Below 50,000 Salary)
 17.5% - 18.5%
(For 1 Lac & above Salary
)
18% - 19%
(For 50,000- 1 Lac Salary)
19% - 20%
(Below 50,000 Salary)
 ₹ 2911
(For 1 Lac & above Salary
)
₹ 2937
(For 50,000- 1 Lac Salary)
₹ 2990
(Below 50,000 Salary)
 4% 0.5% - 2%
citi logoCiti Bank 11.49% - 16.50%
 ₹ 2608 - ₹ 2860
 Upto 3%
axis logoAxis Bank 16%
(For CAT A)
15%
(For Super CAT A)
 ₹ 2834
(For CAT A)
₹ 2783
(For Super CAT A)
 17% ₹ 2886
 19% - 20% ₹ 2990
 Nil 2%
andhra logoAndhra Bank 15.75% - 16.75% ₹ 2821 - ₹ 2873 16.75% - 18.75% ₹ 2873 - ₹ 2977 Rs250 - Rs1000/-
bank of baroda logoBank Of Baroda 14.75% ₹ 2770 14.75% ₹ 2770
coporation logoCorporation Bank 14.5%
((undertaking letter required) )
 ₹ 2758
((undertaking letter required) )
 N.A ₹ 2126 - ₹ 2126
 N.A ₹ 2126
 N.A N.A
united bank of india logoUnited Bank Of India 16%
(12%(For pensioners))		 ₹ 2834
(12%(For pensioners))		 16% - 18%
(12%(For pensioners))		 ₹ 2834 - ₹ 2937
(12%(For pensioners))		 16% - 18%
(12%(For pensioners))		 ₹ 2834
(12%(For pensioners))		 N.A. N.A.
vijaya logoVijaya Bank 16%
 ₹ 2834 N.A. ₹ 2126 N.A ₹ 2126 N.A. N.A.
indian logoIndian Bank 13.70% - 14.20% ₹ 2718 - ₹ 2743 13.70% - 14.20% ₹ 2718 - ₹ 2743 13.70% - 14.20% ₹ 2718 N.A 0.50% on the loan amount with min of Rs 500/-
bank of india logoBank of India 15% ₹ 2783 15% ₹ 2783 15% ₹ 2783 N.A 2%
Canara logoCanara Bank 14.95% ₹ 2781 14.95% ₹ 2781 14.95% ₹ 2781 N.A 0.25 %
State Bank of Bikaner and Jaipur logoState Bank of Bikaner and Jaipur (SBBJ) 13.05% - 14.05% ₹ 2685 - ₹ 2735 13.05% - 14.05% ₹ 2685 - ₹ 2735 13.05% - 14.05% ₹ 2685 N.A 1%
State Bank of Hyderabad logoState Bank of Hyderabad (SBH) 14.05% - 15.25% ₹ 2735 - ₹ 2796 14.05% - 15.25% ₹ 2735 - ₹ 2796 14.05% - 15.25% ₹ 2735 N.A 1%(min ₹ 1000)
State Bank of Mysore logoState Bank of Mysore (SBM) 16.85% ₹ 2878 16.85% ₹ 2878 16.85% ₹ 2878 N.A 1%
State Bank of Patiala logoState Bank of Patiala (SBP) 12.50% - 14.50% ₹ 2658 - ₹ 2758 12.50% - 14.50% ₹ 2658 - ₹ 2758 12.50% - 14.50% ₹ 2658 N.A 1.01%
State Bank of Travancore logoState Bank of Travancore (SBT) 12.60% - 13.60% ₹ 2663 - ₹ 2713 12.60% - 13.60% ₹ 2663 - ₹ 2713 12.60% - 13.60% ₹ 2663 N.A 1%+S.T.
Union bank of India logoUnion bank of India 14.35% ₹ 2750 14.35% ₹ 2750 14.35% ₹ 2750 N.A 14.35% - 0.5%(min.Rs 500)
Allahabad logoAllahabad Bank 13.55% ₹ 2710 13.55% ₹ 2710 13.55% ₹ 2710 N.A 1.22%(min.₹ 1223
Central Bank of India logoCentral Bank of India 13.55% ₹ 2710 13.55% ₹ 2710 13.55% ₹ 2710 N.A 1.22%(min.₹ 1223)
Dena bank logoDena bank 10.90% - 14% ₹ 2580 - ₹ 2733 10.90% - 14% ₹ 2580 - ₹ 2733 10.90% - 14% ₹ 2580 N.A 1%
Bank of Maharashtra logoBank of Maharashtra 12.75% ₹ 2670
 12.75% ₹ 2670
 12.75% ₹ 2670
 N.A 1% (min.₹ 1000)
Indian Overseas Bank logoIndian Overseas Bank 14.05% ₹ 2735 14.05% ₹ 2735 14.05% ₹ 2735 N.A 1.01% - 1.10%
IDBI Bank logoIDBI Bank 13.20% ₹ 2693 13.20% ₹ 2693 13.20% ₹ 2693 N.A 1% + S.T.
Oriental Bank of Commerce logoOriental Bank of Commerce 11.05% - 12.80% ₹ 2587 - ₹ 2673 11.05% - 12.80% ₹ 2587 - ₹ 2673 11.05% - 12.80% ₹ 2587 N.A 0.5% (min.₹ 500)
UCO logoUCO Bank 12.20% - 12.45% ₹ 2643 - ₹ 2656 12.20% - 12.45% ₹ 2643 - ₹ 2656 12.20% - 12.45% ₹ 2643 N.A 1%(min.₹ 750)
Transfer your personal loan to HDFC Bank
 Salary>=35,000 11.69% ₹ 999
Salary<35,000 11.99% ₹ 999

*Terms & conditions apply

Where
CAT A refers to - Top 1000 companies
CAT B refers to - Multi National Companies( MNC's )
CAT C refers to - Small companies
Non Listed refers to - Smaller companies with 100 emloyees.
Loan Surrogates refers to - Any running loan from any bank

Top 5 factors that effect your Personal Loan Interest Rates:

1.Income:

If your Income is above a certain limit, Banks believe that your chances of paying are higher as you have a regular income. Most Banks have categories according to income where they give different rates.
As your monthly income goes higher, the rate of interest on your personal loan will be lesser. The rates are defined for customers who have income between ₹ 20,000 to ₹ 50,000 and ₹ 50,000 to ₹ 75,000. On the other hand, if you have income above ₹ 75,000 you will get lower rate of interest.


2.Company Status: Banks define Companies in 3-4 categories namely
•Cat A or Elite or Top 500 companies
•Cat B
•Cat C
•Others

Anyone working in these companies can take a Personal loan from Banks. The better the category of your company, the lesser rate of interest you get. Banks classify these companies on the size of company and reputation.

Banks give a lesser rate of interest to CAT A company customers as they are less likely to default. So, if your company (start-ups) is new and not categorized in the Banks you are likely to get a higher rate or no loan from the banks.

3.Credit and Payment History: Banks follow Cibil scores/rating before giving personal loans. If your payments for Credit Cards and Loans is not up to mark, there is a chance for you of getting rejected by the bank or getting a higher rate of interest. Cibil score for a personal loan is in the range of 0-900 and most banks prefer customers with the score above 750. Also, if your Cibil score is more than 800, you can get 0.25% basis drop on your personal loan rate of interest
4.Relationship with your Bank:The bank where you have your Saving account/Salary account is most likely to give you some special rate of interest or processing fees on personal loans. Banks make sure that their personal loan and credit card customers get better options as compared to other banks. So, before applying to other banks for a personal loan, check your own bank rate of interests
5.Individuals Negotiation Skills:Keeping in mind the above information, you can always negotiate and ask Banks for special waivers on Interest Rates, Processing Fees, etc.


Factors effecting Self Employed customer for Personal loan Interst Rates:
  1. Annual Income Tax Return- If your income is high and you are a large company you can expect rates to be lower for you.
  2. Type of Business- Banks are ready to give lower rates to sound business .So all Manufacturing and sound business professionals get a better rate of Interest on the personal loan.
  3. Special rates to Self employed professionals- Banks really like to fund Doctors/Engineers/CA and Architects as they believe these set of customers are rarely default and hence there rates are better from othe₹

Disclaimer:
Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates. Banks/ Financial Institutions can contact us at contact-us for inclusions or updates.